Current Affairs

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Page-7 of Economy & Banking Current Affairs

Finance Minister launches the Foreign Currency Settlement System (FCSS) at GIFT City

The Union Finance Minister launched the Foreign Currency Settlement System (FCSS) at Gujarat International Finance Tec-City (GIFT City) in October 2025. This new system enables real-time settlement of...

October 9, 2025

India’s Export Growth Outpaces Global Markets in 2025

India’s export sector continues to outpace global growth in 2025. With a 7.1% growth rate compared to the world’s 2.5%, India is strengthening its position as a key...

October 9, 2025

World Bank Raises India FY26 Growth Forecast to 6.5%

India’s economic growth forecast for 2025-26 has been upgraded by the World Bank to 6.5%. This revision reflects stronger domestic conditions and the positive effects of recent Goods...

October 9, 2025

India’s Evolving Approach to Cryptocurrency and Stablecoins

India is witnessing shift in its stance on cryptocurrency, particularly stablecoins. Union Finance Minister Nirmala Sitharaman recently brought into light the inevitability of engaging with stablecoins, regardless of...

October 6, 2025

Enhancing Tax Certainty for Foreign Investors in India

India is actively reforming its tax framework to support Vision 2047 goals. NITI Aayog’s Consultative Group on Tax Policy (CGTP) has released a key working paper aimed at...

October 6, 2025

Reserve Bank Of India Constitutes Payments Regulatory Board

The Reserve Bank of India (RBI) has recently established a six-member Payments Regulatory Board (PRB). This new board is designed to oversee and regulate the payment systems across...

October 4, 2025

RBI Incentive Scheme to Clear Unclaimed Deposits

The Reserve Bank of India (RBI) has introduced a year-long incentive scheme to encourage banks to reduce unclaimed deposits. This move aims to clear the backlog of dormant...

October 3, 2025

India-EFTA Trade and Economic Partnership Agreement 2025

India and the European Free Trade Association (EFTA) will implement the Trade and Economic Partnership Agreement (TEPA) from 1 October 2025. Signed in March 2024, this comprehensive agreement...

October 3, 2025

Oil India Discovers Natural Gas Off Andaman Islands

Oil India Limited (OIL) has reported natural gas discovery off the Andaman Islands. This is the first confirmed hydrocarbon find in the region’s shallow offshore block. The discovery...

September 29, 2025

India’s Export Economy Faces Deep Regional Imbalances

India’s export economy in 2025 remains heavily concentrated in a few states. When the United States imposed a 25% tariff on Indian imports, it exposed not only bilateral...

September 27, 2025

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